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3 years ago

Classical economics played an important role in helping the United States establish _________.

Business

1 answer:

Sunny_sXe [5.5K]3 years ago

3 0

Answer:

Free enterprise

Explanation:

Free enterprise is an economic system in which private business operates in competition and largely free of state control

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Mills Corporation acquired as an investment $225 million of 8% bonds, dated July 1, on July 1, 2021. Company management is holdi

Sholpan [36]

Answer:

Please see solution below.

Explanation:

July 1, 2021

Dr Investment in bonds $225,000,000

Dr Premium on investment in bonds $25,000,000

Cr Cash $250,000,000

December 31, 2021

Dr Cash $18,000,000

Cr Interest revenue $15,000,000

Cr Premium on investments in bonds

$3,000,000

Investment in bonds. $225,000,000

Premium on investment in bonds $22,000,000

January 2, 2022

Dr. Cash $266,000,000

Cr Investment in bonds $225,000,000

Cr Premium on investment in bonds $22,000,000

Cr Gain on sale of investments $19,000,000

Workings:

Effective interest rate on first coupon received = [ $225,000,000 × 8%] - [ $250,000,000 × 6%]

= $18,000,000 - $15,000,000

= $3,000,000

Premium on investment in bonds = $25,000,000 - $3,000,000

= $22,000,000

8 0

3 years ago

The following information pertains to Ash Co., which prepares its statement of cash flows using the indirect method: Interest pa

Alborosie

Answer:

$30,000

Explanation:

A supplemental disclosure of cash flow information requires that all the cash paid in interest during the period must be disclosed.

In Ash's case:

beginning balance interest payable account $15,000

+ interest expense during the year $20,000

<u>- ending balance interest payable account ($5,000) </u>

supplemental disclosure = $30,000

6 0

3 years ago

Consumers create a demand for something by

zlopas [31]

The answer is a. buying it. When people buy goods then it creates a demand and when that demands lead to more production to meet those demands. The more the demand for a product or service, the value for it goes up.

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4 years ago

How much should you pay for a share of stock that offers a constant growth rate of 10%, requires a 16% rate of return, and is ex

Bad White [126]

Answer: $48.33

Explanation:

Using the Gordon Growth model:

Price of stock = Next year dividend / (Required return - growth rate)

Next year price of stock can be used to calculate year 2 dividend:

53.17 = D₂ / ( 16% - 10%)

53.17 * 6% = D₂

D₂ = $3.19

D₂ = D₁ * ( 1 + growth rate)

3.19 = D₁ * ( 1 + 10%)

D₁ = 3.19/ 1.1

= $2.90

Price of stock today:

= 2.90 / ( 16% - 10%)

= $48.33

6 0

3 years ago

Which of the following factors should a student consider before selecting a college? a. Financial aid available b. Location and

ASHA 777 [7]

The answer is D. All of the above. Hope this helps

4 0

3 years ago

Read 2 more answers